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Daily Archives: October 30, 2019

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The Home Office Deduction

Accounting, EntrepreneurBy balancedbookzOctober 30, 2019Leave a comment

Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis.” To qualify for a home office deduction you must meet one of the following requirements: Exclusive and regular use as your principal place of business…

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